July 28, 2016 12:12 PM ET

Hotels, Restaurants and Leisure

Company Overview of Ambassadors International Inc.

Company Overview

Ambassadors International, Inc. does not have significant operations. Previously, it provided travel and cruise services through the operation of international-flagged yachts that sail to destinations in the Caribbean, Europe, the Americas, and the Greek Isles. The company was founded in 1967 and is based in New York, New York. On March 2, 2012 the voluntary petition of Ambassadors International, Inc. for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on April 1, 2011.

180 Maiden Lane

New York, NY 10038

United States

Founded in 1967

58 Employees

Phone:

212-806-5400

Key Executives for Ambassadors International Inc.

Ambassadors International Inc. does not have any Key Executives recorded.

Ambassadors International Inc. Key Developments

Motion for Asset Sale Approved for Ambassadors International Inc.

The US Bankruptcy Court gave an order approving the private sale of certain assets of Ambassadors International Inc. on April 1, 2016. The debtor has been authorized to sell its certain assets to Grand Prix Tours, Inc. for a purchase price of $0.02 million in cash. The debtor’s assets include equity interest in Grand Prix Tours, Inc.

Motion for Asset Sale Filed by Ambassadors International Inc.

The Chapter 7 Trustee filed a motion in the US Bankruptcy Court for the sale of Ambassadors International, Inc.‘s equity interest in Grand Prix Tours, Inc on March 11, 2016. The trustee seeks the Court’s approval for the sale of equity interest in Grand Prix Tours, Inc. to Grand Prix Tours, Inc. for a purchase price of $20,000 in a private sale pursuant to the asset purchase agreement. The initial minimum overbid should be at least $1,000 more than the initial purchase price.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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